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Short Lived Pullback Underway - Key S&P Levels to Focus On

Equity markets pulled back this week but I’m expecting the current pullback to be short-lived with further upside into year-end and early Q1. By February, however, weekly indicators tracking 1-2 quarter shifts are likely to be overbought after bottoming at the beginning of September with most cyclical stocks. The pending pullback into Q2 should prove to be a healthy pause within a bull market that likely continues higher through into year-end 2021.

Interestingly, despite that longer-term outloo...

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